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From income and consumption inequality to economic welfare inequality: the role of labor supply

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  • Theloudis, Alexandros

Abstract

This paper discusses the links between earnings, consumption and economic welfare inequality. It places emphasis on the role of leisure and labor supply in the assessment of cross-household inequality and argues that the documented increase of such inequality has its origin in the labor market. It only serves as an introductory work and, as such, it attempts to outline the research frontier in the field of household inequality and address the issues that arise when household labor supply decisions are taken into consideration.

Suggested Citation

  • Theloudis, Alexandros, 2011. "From income and consumption inequality to economic welfare inequality: the role of labor supply," MPRA Paper 37517, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:37517
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    File URL: https://mpra.ub.uni-muenchen.de/37517/1/MPRA_paper_37517.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Income Inequality; Consumption Inequality; Households;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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